PEER COMPANIES

The company's board is scheduled to meet on March 26 to approve the reclassification process, Aplab said in a regulatory filing.

For the quarter ended December 31, 2019, stake of ZEEL in Aplab had fallen to 9.50 per cent to 4.75 lakh shares.

"We hereby inform you that a meeting of the Board of Directors of the Company will be held on Thursday, March 26, 2020 to approve the reclassification process of ZEEL from Promoter Category to Public Category and other matters," it said.